Nextdoor–the ‘Facebook for Neighborhoods–Catching on with Investors and Users

"Building community is really, really hard," Nirav Tolia, chief executive of Nextdoor https://nextdoor.com/ , said in an interview. "Trust is essential, and it has to be authentic."

Investors think Nextdoor is on to something. The company will announce on Wednesday that it has raised $110 million in venture capital from investors like Redpoint Ventures and Insight Venture Partners. The new investment values the three-and-a-half-year-old start-up at about $1.1 billion, putting the company among the sharply rising number of tech start-ups with 10-figure valuations.

By MIKE ISAACMARCH

Full Story: http://www.nytimes.com/2015/03/04/technology/nextdoor-a-start-up-social-network-digs-deep-into-neighborhoods.html?_r=0